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The Princeton 2192-2198 Princeton St 20 514 pi² 100% Loué Industriel Immeuble Sarasota, FL 34237 4 980 425 $ CAD (242,78 $ CAD/pi²) 6,54% Taux de capitalisation
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Faits saillants de l'investissement
- Industrial General District Zoning (IGD) Allowing a Broad Range of Industrial, Service, Flex & Contractor-Oriented Uses
- In Excess of $300K in Gross Annual Income w/ 3% Annual Contractual Rent Increases
- Diversified Service-Oriented Industrial Tenant Mix and Rock-Solid 1973 Masonry Construction Located in a Non-Flood Zone
- Fully Leased Multi-Tenant Industrial / Flex Investment Featuring 4 Commercial Spaces & 4 Detached Rear Garage / Storage Units
- Expense-Efficient Operating Structure w/ Tenants Paying All Utilities & Majority of Tenants Covering HVAC Maintenance
- Secure & Functional Site Layout Featuring a Gated, Fenced Rear Yard w/ Ingress / Egress from Both Princeton & Cornell Street
Résumé de l'annonce
$100K PRICE REDUCTION - View Offering Memorandum for Financial Details!
The Multifamily Firm is pleased to present the Princeton, a fully leased, multi-tenant industrial / flex investment located on a 1.21-acre urban infill site less than a mile from Downtown Sarasota. The property generates in excess of $300K in gross annual income with 3% contractual rent escalations and benefits from an expense-efficient operating structure, with tenants paying all utilities and the majority of HVAC maintenance costs.
Zoned Industrial General District (IGD), the property supports a broad range of service-oriented industrial, flex, and contractor uses, contributing to strong tenant retention and durable cash flow across market cycles. The current tenant mix consists of service-oriented industrial users, including pet cremation, light manufacturing and distribution, commercial linen services, and a low-impact church tenant that operates exclusively during evening hours.
The property consists of two buildings totaling 20,514 square feet, including an 18,862 SF main building and a 1,652 SF detached rear building with roll-up doors, offering functional flexibility for a variety of users. The site features a gated, fenced rear yard and dual ingress/egress from Princeton Street and Cornell Street, enhancing operational efficiency and site usability.
Built in 1973 with solid masonry construction, located in non-flood zone, and supported by a recent roof inspection indicating approximately 12 years of remaining useful life, the property benefits from durable fundamentals and reduced risk exposure. Combined with its proximity to US-301 and Downtown Sarasota, the asset offers investors stable in-place income with long-term flexibility, supported by industrial zoning in a supply-constrained urban infill location, subject to future approvals.
View Offering Memorandum document for Financial Details!
The Multifamily Firm is pleased to present the Princeton, a fully leased, multi-tenant industrial / flex investment located on a 1.21-acre urban infill site less than a mile from Downtown Sarasota. The property generates in excess of $300K in gross annual income with 3% contractual rent escalations and benefits from an expense-efficient operating structure, with tenants paying all utilities and the majority of HVAC maintenance costs.
Zoned Industrial General District (IGD), the property supports a broad range of service-oriented industrial, flex, and contractor uses, contributing to strong tenant retention and durable cash flow across market cycles. The current tenant mix consists of service-oriented industrial users, including pet cremation, light manufacturing and distribution, commercial linen services, and a low-impact church tenant that operates exclusively during evening hours.
The property consists of two buildings totaling 20,514 square feet, including an 18,862 SF main building and a 1,652 SF detached rear building with roll-up doors, offering functional flexibility for a variety of users. The site features a gated, fenced rear yard and dual ingress/egress from Princeton Street and Cornell Street, enhancing operational efficiency and site usability.
Built in 1973 with solid masonry construction, located in non-flood zone, and supported by a recent roof inspection indicating approximately 12 years of remaining useful life, the property benefits from durable fundamentals and reduced risk exposure. Combined with its proximity to US-301 and Downtown Sarasota, the asset offers investors stable in-place income with long-term flexibility, supported by industrial zoning in a supply-constrained urban infill location, subject to future approvals.
View Offering Memorandum document for Financial Details!
Faits sur la propriété
Commodités
- Accès 24 heures
- Terrain clôturé
- Espace d'entreposage
- Climatisation
- Perimeter Security Fence
Services publics
- Éclairage
- Gaz - Naturel
- Eau - Ville
- Égout - Ville
- Chauffage - Électricité
1 1
Bike Score®
Très cyclable (70)
Impôts fonciers
| Numéro de lot | 2023-13-0001 | Évaluation des bâtiments | 1 747 260 $ CAD |
| Évaluation du terrain | 1 308 837 $ CAD | Évaluation totale | 3 056 098 $ CAD |
Impôts fonciers
Numéro de lot
2023-13-0001
Évaluation du terrain
1 308 837 $ CAD
Évaluation des bâtiments
1 747 260 $ CAD
Évaluation totale
3 056 098 $ CAD
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Présenté par
The Princeton | 2192-2198 Princeton St
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